Buy apartments / villas / townhouses in Oman

Oman

Sultanate of Oman - a country on the Arabian Sea coast

2019

The Travel Competitiveness Award

2019

Global Wellness Index Award

42%

of population are foreigners

90% of GDP

outside the oil and gas sector. Vision 2040

Tax advantages

stable currency rate

309 500 km²

area

3 000 km

coastline

6 000 000

population

Oman - photo gallery

Сonditions for obtaining a residence permit

Visa for 2 years

real estate purchase for any amount in ITC

Visa for 5 years

property purchase for an amount from 250 000 OMR ($650 000)

Visa for 10 years

property purchase for an amount from 500 000 OMR ($ 1 300 000)

Additional expenses, opening a bank account

<ul><li>5 % - VAT, on the purchase of property from the developer</li><li>0% - No income tax from renting property</li><li>0% - No tax on sailing property, capital gains and inheritance</li><li>3% - Costs for object registration are paid upon commissioning of the facility</li></ul>

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Procedure for completing a transaction

Selection of an object

Selecting an object and signing booking forms

Reservation

Non-refundable payment for booking – 5% of the transaction

SPA signing

Signing the SPA agreement of property purchase and sale

First deposit

Down payment, VAT 5% on each payment

Payment according to schedule

Payment according to the installment plan, according to the terms in the contract of real estate purchases

Property registration

After 100% payment, when property is registered, registration fee 3%

Transfer of keys

Handing over the keys to the buyer (if the object is ready)

TITLE DEED issue

Within 5 months for non-residents of Oman

Request a personalised consultation from our regional experts

What to expect? After the consultation we will provide information about the projects that best suit your needs and budget. We will explain the purchase process and what will be the next steps if you find something of interest.

Helen Tatham

Head of Residential Sales Oman

Oman - on map

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Learn everything you need to know to make the right decision!